A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Phenylbenzimidazole
Sulfonic Acid Market.
The study, titled “Phenylbenzimidazole
Sulfonic Acid Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Phenylbenzimidazole
sulfonic acid also known as ensulizole is an organic compound largely
used in sunscreens and cosmetic products worldwide. It has the
ability to primarily block or absorb Ultraviolet radiations (UV).
However, it doesn’t give complete protection since it is unable to
block long range UV radiations; hence it is often paired with other
ingredients such as avobenzone, zinc oxide, Tinosorb or titanium
dioxide. Phenylbenzimidazole sulfonic acid has the characteristic
quality and thus it doesn’t degrade its potency upon exposure to UV
rays. Phenylbenzimidazole sulfonic acid converts incident ultraviolet
radiations into less harmful infrared rays. It has a light and
non-greasy finish. Phenylbenzimidazole sulfonic acid is a water
soluble compound and thus it is often used in the formulation of
lotions and moisturizers.
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Market Research Report @
The
market for Phenylbenzimidazole sulfonic acid is expected to rise in
future due to rising demand for personal care products in the market.
The propensity to spend on skincare is not hugely impacted by a
slowdown, rather consumer preferences during this period tends to
shift towards lower priced mass-market products. Personal care
industry is a very large and lucrative market and thus it is expected
to flourish in the near future. Hence, demand for Phenylbenzimidazole
sulfonic acid is expected to grow from 2014-2020. Phenylbenzimidazole
sulfonic acid is considered as a safe ingredient for use in personal
care products; however the Cosmetic Databases consider it as a
moderate hazard. It can cause cancer related and cellular level
changes concerns if used for a prolonged period. Thus, this is
hampering the growth of Phenylbenzimidazole sulfonic acid market and
is the major growth barrier. Opportunity in the Phenylbenzimidazole
sulfonic acid market
According
to the Personal Care Products Council, phenylbenzimidazole sulfonic
acid can be used in concentrations up to 8% in Europe and 4% in the
U.S. The phenylbenzimidazole sulfonic acid market can be segmented on
the basis of end-user industry such as- personal care,
pharmacological formulations, and others. Phenylbenzimidazole
sulfonic acid has been considered to be non-carcinogen by the
International Agency for Research on Cancer (IARC), American
Conference of Industrial Hygienists (ACGIH), the National Toxicology
Program (NTP), and Occupational Safety and Health Administration
(OSHA).
The
global phenylbenzimidazole sulfonic acid market is anticipated to
grow at a substantial rate in the foreseeable future. China is
expected to drive the demand for phenylbenzimidazole sulfonic acid in
the South Asian region. China has set up of several medium sized
companies which are indulging in the production of
phenylbenzimidazole sulfonic acid. Mushrooming chemical industry in
China is expected to swell the demand for phenylbenzimidazole
sulfonic acid in Asia Pacific region. Demand for effective sunscreen
products is expected to raise demand for phenylbenzimidazole sulfonic
acid in developed countries such as the U.S, and hence North America
is expected to increase its capacity for phenylbenzimidazole sulfonic
acid production in the next few years. Eventual demand for
phenylbenzimidazole sulfonic acid from personal care industry from
Latin America holds considerable potential for growth of
phenylbenzimidazole sulfonic acid market in the next few years.
Better product formulation and extensive research and development are
anticipated to boost the market in the foreseeable future, thus
providing potential opportunities for growth to players.
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the form to gain deeper insights on this market @
The
phenylbenzimidazole sulfonic acid market has several players which
are involved in the supply, distribution and marketing of this
compound. Some of them include Shanghai Hanhong Chemical Co., Ltd.,
J&K Scientific Ltd., BASF SE, Sigma-Aldrich Corporation, Berje
Inc, Changzhou Sunchem Pharmaceutical Chemical Material Co., Ltd.,
and Xiamen Hisunny Chemical Co., Ltd.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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